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  • Moody's8 months ago

    Cvent, Inc. -- Moody's affirms Cvent CFR and Sr Sec at B3; outlook revised to stable from positive

    Moody's Investors Service ("Moody's") affirmed Cvent Inc.'s ("Cvent") Corporate Family rating ("CFR") at B3, Probability of Default rating ("PDR") at B3-PD and senior secured first lien revolver and term loan at B3. The rating outlook was revised to stable from positive. On Tuesday, Cvent announced it had acquired Social Tables, Inc. ("Social Tables") in a debt-financed transaction funded in part by a $53 million increase in its senior secured 1st lien term loan, bringing the total outstanding amount to approximately $750 million.

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